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ABRAJ records net income of $2.25 million at the end of 2017

2018-02-19

According to the financial statements of Al-Wataniah Towers ABRAJ for the year 2017, Net profit after tax of the period reached 2,255,491 USD Compared with Net profit after tax 477,302 USD for 2016, a net increase in profit of 372.55%.Total assets of the company reached 22,343,593 USD compared with total assets of 20,155,080 USD at the end of year 2016, a net increase of 10.86%.Total liabilities of the company reached 841,373 USD compared with total liabilities of 917,820 USD at the end of year 2016, a net decrease of 8.32%. Net ownership equity of the company reached 21,502,220 USD compared with total owner equity of 19,237,260 USD at the end of year 2016, a net increase of 11.77%.